Gevo, Inc. operates as a renewable fuels company. It operates through four segments: Gevo, Agri-Energy, Renewable Natural Gas, and Net-Zero. The company commercializes gasoline, jet fuel, and diesel fuel to achieve zero carbon emissions, and reduce greenhouse gas emissions with sustainable alternatives. Its products also include renewable gasoline and diesel, isooctane, isobutanol, sustainable aviation fuel, renewable natural gas, isobutylene, ethanol, and animal feed and protein. Gevo, Inc. has a strategic alliance with Axens North America, Inc. for ethanol-to-jet technology and sustainable aviation fuel commercial project development. The company was formerly known as Methanotech, Inc. and changed its name to Gevo, Inc. in March 2006. Gevo, Inc. was incorporated in 2005 and is headquartered in Englewood, Colorado.
Gevo Stock Down 3.2 %
Shares of GEVO opened at $3.60 on Tuesday. The stock has a market cap of $846.61 million, a price-to-earnings ratio of -12.41 and a beta of 3.29. The company has a quick ratio of 18.81, a current ratio of 18.91 and a debt-to-equity ratio of 0.13. Gevo has a 12 month low of $2.18 and a 12 month high of $8.27. The company has a 50-day moving average price of $2.74 and a two-hundred day moving average price of $3.51.
Insiders Place Their Bets
In other Gevo news, COO Christopher Michael Ryan sold 51,049 shares of the firm's stock in a transaction dated Tuesday, June 21st. The shares were sold at an average price of $2.59, for a total transaction of $132,216.91. Following the completion of the transaction, the chief operating officer now owns 960,450 shares in the company, valued at $2,487,565.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, COO Christopher Michael Ryan sold 51,049 shares of Gevo stock in a transaction that occurred on Tuesday, June 21st. The shares were sold at an average price of $2.59, for a total value of $132,216.91. Following the completion of the transaction, the chief operating officer now owns 960,450 shares in the company, valued at $2,487,565.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Patrick R. Gruber sold 249,790 shares of Gevo stock in a transaction that occurred on Thursday, July 7th. The shares were sold at an average price of $2.53, for a total transaction of $631,968.70. Following the completion of the transaction, the chief executive officer now owns 2,018,127 shares of the company's stock, valued at approximately $5,105,861.31. The disclosure for this sale can be found here. Insiders sold a total of 645,000 shares of company stock worth $1,634,913 over the last quarter. Company insiders own 3.60% of the company's stock.